Abstract
As a regimen, as a discipline for a group of people, planning is very valuable. My position is go ahead and plan, but once you have done your planning, put it on the shelf. Don’t be bound by it. Don’t use it as a major input to the decision making process — Fletcher Byrom.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Notes and References
Corporate life cycle: Keron Bhattacharya, “How companies can escape degeneration and death”, Financial Times (27 November 1981).
The story of Fisons: Keron Bhattacharya, The New Fbontters for Business Analysis (London: Macmillan, 1987) p. 19.
Roman Empire management: Anthony Jay, quoted from Thomas J. Peters and Robert J. Waterman, Jr, In Search of Excellence (New York: Harper & Row, 1981), p. 277.
Cancerous growth: Peter Drucker, Managing in Turbulent Times (London: Pan Books, 1981) p. 49.
Loss per unit sale: Keron Bhattacharya, BL: Where Does the Future Lie? (Jay Consultancy Services, 1981).
Sticking to the knitting: Peters and Waterman, In Search of Excellence, p. 293.
The story of Murex: Bhattacharya, The New Frontiers, p. 22.
Eliminating risks: Harry Markowitz, Portfolio Selection: Efficient Diver-sification of Investments (New York: John Wiley & Son, 1959).
Sacrificing growth, the story of Chrysler. Drucker, Managing in Turbulent Times, p. 48.
Strategy, definition: Bruce D. Henderson, “The origin of strategy”, Harvard Business Review (November-December 1989).
Planning — ends, ways and means: Robert H. Hays, “Strategic planning forward in reverse”, Harvard Business Review (November-December 1985).
Crisis management: Edward de Bono, The Use of Lateral Thinking (London: Jonathan Cape, 1967) p. 9.
The excitement of planning: Peters and Waterman, In Search of Excellence, p. 40.
Shelve your plan: Peters and Waterman, In Search of Excellence, p. 40.
The Cheshire Cat: Lewis Carroll, Alice in Wonderland (London: David Campbell, 1961), p. 55.
Investment: Adam Smith, The Wealth of Nations, Books I–III (London: Penguin, 1982) p. 430.
Clapped out machinery: George Terborough, Dynamic Equipment Policy (New York: MAPI, 1949).
The negative value of an asset: Keron Bhattacharya, “Are we providing the right information?”, Management Accounting (October 1984).
DCF against modernisation — the story of Yamazaki Machinery Company: Robert S. Kaplan, “Must CIM be justified by faith alone?”, Harvard Business Review (March-April 1984).
Problem with DCF: Carl Kester, “Today’s options for tomorrow’s growth”, Harvard Business Review (March-April 1984).
Analysing risks: David Hertz, “Risk analysis in capital investment”, Harvard Business Review (January-February 1964).
Cost overrun: Edward Morrow, Kenneth Phillips and Christopher Myers, Understanding cost growth and performance shortfalls in pioneer process plants (Santa Barbara, Cal.: Rand Corporation), quoted from David Davis, “New projects: beware of false economies”, Harvard Business Review (March–April 1985).
Author information
Authors and Affiliations
Copyright information
© 1992 Keron Bhattacharya
About this chapter
Cite this chapter
Bhattacharya, K. (1992). Growth, Plan and Investment: Measure for Measure. In: Accountancy’s Faulty Sums. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12887-7_11
Download citation
DOI: https://doi.org/10.1007/978-1-349-12887-7_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12889-1
Online ISBN: 978-1-349-12887-7
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)